REITs Get Ranked by DLJ;
Public Storage Shines the Most

By

Ray A. Smith Staff Reporter of The Wall Street Journal

Updated Sept. 27, 2000 12:01 a.m. ET

Based on its sound balance sheet, Public Storage Inc. is real estate's new Miss America.

The Glendale, Calif., storage real-estate investment trust tops a list of rankings based on debt-covenant compliance, liquidity and financial flexibility in a recent report written by Thierry B. Perrein, head of REIT fixed-income research at Donaldson, Lufkin...